The prices in real estate in Little River, in the South Carolina region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Little River has increased strongly during the last 6 months. In November, the average price per sq.feet was $138. In December this price pretty much remained the same at a value of $140 per sq.feet. The price for the following two months in (January, February) had a considerable increment of 455 %. The price per sq.feet has had a considerable increase of 305 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $385.75 to $1,176 during March, and April.
Based upon to the price in Little River (cities), this has gone downing the last 6 months. In our first sample month during November, the average price is $241,706. In December This price remains at $248,901. During the following two months (January, February) the average price fell 94 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 88 %, going from $238,365.5 to $210,466.5 in March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the most costly ones. At a price of $203,851 they are 8 % more expensive than the average price for Little River. Following this ranking we find those properties with 3 at an average price of $235,390. The properties with the highest average price have 4 bedrooms, Their price is 53 % more costly than the average. After that we have properties with 1 bedroom priced at $246,470.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $113 / sq.feet, with an average $1,312 / sq.feet price in Little River. The properties with the lowest average prices have 4 bedrooms. They are 91 % cheaper than the average followed by properties with 3 bedrooms with a price at $120 / sq.feet.
The graph displaying the average prices displays the property type "Farm" as the most affordable one. At an cost of $203,851 it is 12 % cheaper than the average price in Little River. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $227,606 it is 19 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Farm" at an average cost of $71 / sq.feet followed by "Condo" priced at $112 / sq.feet. "Townhouse" is the cheapest type of property with a $822 / sq.feet value followed by "House" with an average price of $114 / sq.feet.